Brentwood Associates poised to raise capital for Fund V at year-end

Private Equity International reporter Graham Winfrey interviewed Brentwood Associates partner Bill Barnum at last week’s Dow Jones Private Equity Analyst conference to discuss the firm’s plans to begin raising its next vehicle late this year. Brentwood Associates, which focuses on niche consumer-brand companies with EBITDA between $5 and $30 million, is one of the leading private equity firms in the West.
The article noted that the firm has invested roughly 75 percent of its fourth fund that closed on $440 milion in 2008 and expects to make two more investments from that fund before coming back to market. According to Barnum, “We’ll probably have a couple of liquidity events this year. It’s more and more important as time goes on. LPs want to see several liquidity events before they re-up.”
In another recent article, LBO Wire’s Shasha Dai noted that Brentwood Associates plans to solicit contributions from existing and potential new investors later this year for a new fund that may target $500 million.